Economic News
Dining Out Tops List of Inflation-Related Spending Cuts
42% of consumers polled say they’ll save by cutting back on eating out.
Restaurant Sales Growth Continues to Slow
While restaurants still are exceeding last year’s sales, the sales growth rate has slowed “considerably” in the last four weeks.
Restaurant Sales Enter Third Week of Single-Digit Growth
While restaurant sales growth improved for the week ending April 3, it slowed to single-digit growth for the third week.
Food Away from Home Index Spikes to 40-Year High
As operators battle their own higher costs, menu prices continue to rise—and they’ve now hit a new high.
Younger Demographics Driving Full-Service Restaurant Growth
Sales at full-service restaurants haven’t returned to pre-pandemic levels, and it’s due to older guests not spending as much, says Black Box.
Technomic Expects Consumers To ‘Trade Down’ Foodservice Due to High Gas Prices
While Technomic expects consumers to still visit restaurants, the firm expects they’ll be signing smaller guest checks as they choose more affordable dining spots and forego extras like add-on desserts, appetizers and beverages.
Restaurant Sales, Traffic Take a Dip, Says Black Box
For the week ending March 20, Black Box says same-store sales took a dip, and though they remain positive, the decline may suggest “a future possibility of negative sales growth.”
Report Says Guest Satisfaction Declined Among All Restaurant Segments Last Year
As restaurants battled staffing challenges, COVID-related protocols and supply chain shortages last year that significantly impacted operations as restaurants were reopening, it appears overall guest satisfaction took a hit along the way.
MAFSI Barometer Shows a ‘Healthy Increase’ in Sales for Q4
Sales projections were nearly right on target, with Q4 sales growing 17.3% over Q4 2020. MAFSI predicts a 16.8% sales increase for Q1 2022.
Gas Prices Could Spell Trouble for March Restaurant Sales
The restaurant industry caught a bit of a break in February as a dip in the omicron variant led to the strongest monthly sales increase in nine months. However, the reprieve might be short-lived.
- Advertisement -
- Advertisement -
TRENDING NOW
- Advertisement -
- Advertisement -
- Advertisement -
- Advertisement -
MANUFACTURERS
[fmsf_search_field search_page="/manufacturers/" placeholder="E.g. Hot Holding Equipment, Ice Machines"]
SERVICES
[fmsf_search_field search_page="/services/" placeholder="E.g. Consultants, Buying Groups"]